Re:The Secret Weapon Hackers Can Use to Dox Nearly Anyone in...
by alistairSH on Tuesday August 22, 2023 @01:58PM
(#37226389)
lolwut?
The criminal made a false request for credit report.
TU released the credit history without confirming ID.
The bank relied on that credit report to extend credit.
The problem is, as a whole, ruining the credit of a few thousand people/year (and making them jump through hoops to regain their ID) is less costly than clamping down. TU absolutely contributes to the problem; they just have no incentive to fix it.
The criminal made a false request for credit report. TU released the credit history without confirming ID. The bank relied on that credit report to extend credit.
The problem is, as a whole, ruining the credit of a few thousand people/year (and making them jump through hoops to regain their ID) is less costly than clamping down. TU absolutely contributes to the problem; they just have no incentive to fix it.